SYM Motorcycles ranks as 7th largest scooter manufacturer in the word. In the last three years sales grew up and the 2024 ended with 540K sales (-2.8% y.o.y.).
McD tracks new vehicles registrations across the World (over 90 countries), reporting data on calendar year. When you wish to compare data reported by us to those declared by the manufacturers, consider they usually report their “sales” (vehicles invoiced), which are usually different from “registrations”, accordingly with their fiscal year split.
Global Registrations Data
SYM (Samyang Motor) is the largest Taiwanese motorcycles since 2020 when their global sales overtook those of the rival Kymco and, since 2022, is the leader, first time ever, even in the domestic Taiwanese market.
During the last decade, the Taiwanese manufacturer expanded its global presence, while aggressively approaching the domestic market, with sales increased from 250K in 2015 to a record of 679K in 2020, before to report a decline in 2021.
However in the last three years sales grew up and the 2024 ended with 540K sales (-2.8% y.o.y.) in seventh position in the global scooter segment.
In 2024 sales moderately declined, mainly for the contraction of the domestic Taiwanese market.
In Taiwan sales were down 8.5%, while SYM hit the new record in West Europe (+2.9%) amd in East Europe (+7.1%).
Following the previous year decline, sales in the ASEAN recovered fast (+20.2%),while in Latam lost 13.4%.
SYM Heritage
SYM is the brand developed by Samyang Motor, a Taipei based motorcycles company, established in 1954 in Hsinchu (Taiwan).
SYM is the largest Taiwanese company to manufacture moped, scooter, motorcycles and ATVs. Moreover, it produces small light commercial vehicles and small cars, under Hyundai name in East Asia.
In 1962, SYM formed a joint venture with Honda, assembling locally the first motorcycle manufacturer in Taiwan. Since now, SYM has produced over 17 million motorcycles/ scooters/ ATVs.
Today, the company annual sales revenue exceeds 1 Billion US dollars and it produces more than 1 million units of motorcycles, under the leadership of Mr. W.H:C Chang the Chairman appointed in the 2014.
SYM actually occupies 2.400 workers in the home-base and overseas locations. It has direct subsidiaries in USA, China, Italy and Germany, while it is producing in Taiwan, China (in Zhong Xing) and Vietnam.
